Capital Alliance between Fujitsu Frontech and Takamisawa Cybernetics
September 26, 2005
- Pursuing joint development of next-generation coin recycle units (CRU) for financial institutions and the retail sector -
Fujitsu Frontech Limited (hereinafter, Fujitsu Frontech) and Takamisawa Cybernetics Company Ltd. (hereinafter Takamisawa Cybernetics) have come to an understanding with Fujitsu Frontech acquiring some shares in Takamisawa Cybernetics. As a result of the capital alliance, both companies are working together to develop next-generation CRU(1)s for financial institutions and the retail sector by providing competitive, high quality products.
Fujitsu Frontech currently outsources the development and production of CRUs, which are installed in machines such as automatic ticket vending machines for the totalizator market, to Takamisawa Cybernetics. In order to further strengthen this relationship, provide higher quality products, and improve market competitiveness, Fujitsu Frontech acquired 500,000 shares in Takamisawa Cybernetics on September 26 (5.52% of all shares, 367,500,000 yen).
Takamisawa Cybernetics developed the world's first multiple value ticket vending machine, and currently develops and sells custom automatic ticket vending machines and various terminals for the railway ticket vending machine market and for financial institutions. In addition to ATMs for financial institutions, and POS and self-checkout systems for the retail sector, Fujitsu Frontech provides a broad variety of system products for public sporting venues (totalizator related equipment) and is expanding into the total solution business. This capital alliance enables both companies to compliment each other by utilizing our combined experience, knowledge and technological capabilities.
Furthermore, demand from financial institutions is forecast for terminals that are equipped with recycling cash collection and dispensing units, and demand from the retail sector is expected for recycling change units. In response to this, both companies are jointly developing products that combine the bill handling technology from Fujitsu Frontech with the coin handling technology from Takamisawa Cybernetics, which will make it possible to exploit opportunities in new business sectors.
About Fujitsu Frontech Limited
President and Representative Director |
Tatsushi Miyazawa |
Headquarters Address |
1776 Yanokuchi, Inagi-shi, Tokyo |
Established |
November 9, 1940 |
Employees |
1,770 (as of March 31, 2005) |
Capital |
8,457.5million yen |
Net sales |
87,000million yen (2005) |
Main Products |
Financial system products (ATMs, bank branch terminals, palm vein authentication devices, financial image processing equipment, system products for public sporting venues, mechanical components, financial solutions, ATM solutions, financial service solutions)
Retail system products (POS terminals, self-checkout systems, Hand-held terminal, RFID related products, palm vein authentication security systems, retail solutions, service solutions)
Industrial and public system products (public display systems, systems for medical institutions, auction systems, various display units, molds and precision cutting components) |
About Takamisawa Cybernetics Company, Ltd.
President and Representative Director: |
Kazuo Takamisawa |
Headquarters Address |
Nakanoheiwa Bldg. 2-48-5 Chuo Nakano-ku, Tokyo |
Established |
October 1, 1969 |
Employees |
421 (as of March 31, 2005) |
Capital |
700.7 million yen |
Net sales |
12,300million yen (2005) |
Main Products |
Commuter transport system equipment (automatic ticket vending machines, automatic fare adjustment machines, automatic ticket gates, data tabulation units, commuter pass printing and issuing machines, reserved seat ticket issuing machines, train ticket issuing systems, corporate ticket issuing machines, multi-trip ticket issuing machines, etc.)
Mechatronic devices (bill discriminator units, bill handling units, coin verification units, coin handling devices, coin counting devices, coin hoppers, card handling devices, card transport units, printing devices, etc.)
Special purpose system devices (entrance and exit management systems, ticket automatic vending machines, ticket printing and issuing machines, card vending machines, security gates, automatic gates, coin-operated gates, seismic activity meters, uninterruptible power supplies, oven heat test chambers, AC/DC adapters, inrush current measuring instruments, etc.) |
Footnotes
Date: 26 September, 2005
Company:
Fujitsu Frontech Limited,
Takamisawa Cybernetics Company, Ltd.
Customer Contacts
(Press-related inquiries)
Fujitsu Frontech Limited
Public relations office
Tel: +81 (0) 42-377-5111 (Direct line)
E-mail: frontech-ir@cs.fujitsu.com
Press Contacts
Takamisawa Cybernetics Company, Ltd.
General Administration Group, General Affairs Division
Tel: +81 (0) 3--3227-3361
E-mail: soumu@tacy.co.jp